How Higher Oil Prices Have Boosted Offshore Drilling

No question, the offshore industry is making a big comeback on the back of high oil prices and depleted onshore resources, but which companies are benefitting most? Royal Dutch Shell and Chevron are good candidates, for starters. It wasn’t so long ago that deep sea drillers were flat on their backs, victimized partly by their own hubris (see Deepwater Horizon oil spill, 2010) and hounded by Washington politicians and federal regulators. Political gland-handers were only too happy beat offshore drillers like a piñata with one hand, making sure the media cameras were...